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You would have thought that could be the bottom with news due Monday. Let's hope so
Ooh intresting finish on the book ,Monday might be an interesting opening
Moved up very quickly towards the close...I was bid 17.10 at 16.27...auction could be very interesting...shorts closing?
Nice little finish.
Would like to see us back in the 20s though.
I'm up 400 nickers today others probably alot more anyone know when strategic view is due still seems very different opinions on what's happening next
17.02 paid...roll on Monday...
It's all me, me, me lolzz xxx
Economically it is N2S but i feel that we need a few more resource upgrades and a new life of mine projection to get to true tier 1 status.
If they can get to a 20+ year mine life with a respectable throughput then it will be the next.
But there aren't many Ewoyaas out there, undiscovered or partially discovered.
Bozi .. to be fair you say it is unlikely that anyone finds a Tier 1 but you are keeping quiet about another one you are invested in ! Lol or would you not describe Ewoyaa as a tier 1 yet ? .. sorry to all for off topic
I wish I had sold them after the Verizon deal. That was a great call.
Hello Monte Vod has always carried high levels of debt and I got out after I picked up the one pound dividend after the Verizon deal.
However they are slowly dealing with their pension deficit and their debt burden is reducing slowly.
I believe they will continue to pay around 7% dividends at the current price level and as such have been building a position again.
I have sold my Lloyds shares to top up DLG and VOD.
Monte I'm with you...
Show me the money and I will load up with high paying quality UK stocks...
Red ….. looks fairly unambiguous to me lol
Quady
Do your research with Vod, very high debt levels and shaky div cover. Made lots of div over the years but always erodes capital
Today
DBW I have always said the most likely outcome is we go to production.
I have never talked in absolutes on here
19 December
Sorry Italian I have changed my mind twice on this.
Between 2013 and 2015 I believed we would be sold.
Between 2015 and 2022 I believed production was the most likely outcome. That's a big change in my opinion.
During 2022 I now believe that with the wrapping up of ENSA, that we will JV this.
8 December
I still believe Solgold will take Cascabel to production
30 November
For the record I have never said production was a certainty
10 November
Solgold have been unambiguous, unless we get a full value offer we go to production.
12 October
Someone can pay what Alpala is worth or we take this to production. and...
"I have always said that a friendly bid was possible"
1 September
We know we are going to production.
19 August
Good afternoon rcgl2, I think the reason BHP/NCM don't want a cashbox issue is they won't be able to increase their percentage, and by doing so it means we get to DFS and can then raise the money ( BFS required ).
Which means game over we go to production.
And...in reply to Gino...
"We are going to production. "
Sounds pretty definitve to me...or it might be...or it might not...
Everything flying except the Dollar - topped up 20k here ...
Last we were told (I believe) we had one drill still going at Cascabel…. I’m guessing Moran but who knows. As Red said we are long overdue an update on existing and planned drilling. Any good news would have been largely wasted prior to the AGM and merger completion.
Let’s wait til then and hopefully Sangha can work his magic …. With his background certainly hasn’t been brought on board to make the tea .
Same strategy as mine Monte.
When I eventually exit Solgold I will add to my dividend income.
Looking at dlg, vod and maybe a house builder.
I've changed my investing philosophy over the years. It's highly unlikely I personally will invest in another exploration company.
Obviously a younger or more risk tolerant invester may think differently. Any future profit from Solg goes straight into ftse 100/250 dividend payers for me.
Statistically Monte it is unlikely that we find another tier 1. It's unlikely that anyone finds a tier 1 anyway.
We have one. We also have Porvenir.
So which horse should investors be backing. A company with two clear examples of a significant discovery or a company with aspirations?
I've got companies of each profile in my portfolio and I can tell you I'm more comfortable about my SOLG capital because the discovery has already been made and is proven.
We don't even need another tier 1. We could go and find another couple of Porvenir type assets and that would add pretty significant value to the company.
Surely as investors we should be looking to capitalise on a position of strength, rather than say chucking the lot to someone else early doors and looking to re-punt our capital on the junior dreamers?
Yes Bozi, very eloquently put as usual.
I suppose the point I was making is, yes all great and good luck, but never forget( and this is to us souls that have been here 10 years and are not geologists, not new investers) than believe it or not, it is still very unlikely will we find another tier 1.
As the Americans like to say, you can have your own opinion but you can't have your own data.
And as the data says, tier 1"s are very rare.
Monte - are you really going there?
All exploration companies talk up their targets. How else do you expect them to secure the investment to pay for the drill contracts? Who would invest in a company where the CEO says,
"Yeah we've got this ground in the middle of nowhere, we've no idea if it's prospective but we're going to drill it anyway. Fancy contributing to the cost?"
SolGold said the geophysics for Aguinaga looked promising, whilst they were delineating 10mt copper, 22m oz gold etc etc next door at Alpala. I think that transformational discovery granted them a pass.
Yes Aguinaga didn't come off and neither did very early works at La Hueca and Rio Amarillo but that's the exploration game we're in. As investors, we should want and expect a company to have as many rolls of the dice as possible, and SOLG certainly aspired to that when taking up the regional portfolio.
Now, IMO, they should be sticking a couple of holes in at Helipuerto, adjacent to Warintza. A duster there is already priced in you could argue and another Porvenir type discovery changes the game again. Another Alpala type discovery and all the earlier multi-pound price targets come back into view. It's a no brainer.
This company shouldn't be criticised for bigging up it's assets and it's methods. We can criticise Mather as much as we like, and he tends to be an easy target, but SolGold have shown they are capable of discovering large assets, so they should be afforded the resources to find more.
Ooops a link might help
https://www.mining.com/ecuador-signs-investment-contract-with-solaris-on-warintza-project/
Pinot
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